GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
Vietnam to Run Carbon Market Pilot Program from 2025
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2024-10-29
Vietnam plans to pilot a carbon market from 2025 to 2028. However, while it expands infrastructure and allows domestic companies to adopt and adapt to carbon credit transaction, it will not open transaction with foreign companies and entities for the time being. Vietnam is accelerating the development of its carbon market and setting emission quotas for the electricity, steel and cement industries from 2025. Relevant measures are intended to help high-carbon emitting industries cope with the challenges of the EU CBAM and improve the regulatory support for the implementation of Article 6 of the Paris Climate Agreement.
However, during the three-year trial period, except for transactions under existing international contracts, carbon transaction between the Vietnamese market and international parties will be restricted. Vietnam's goal is to fully activate the domestic carbon market by the end of 2029. Before that, it will gradually explore potential connections with the global market. During the pilot phase, approximately 200 facilities are expected to gain emission quotas, accounting for approximately 45% of Vietnam's total carbon emissions.
The plan outlines that power plants, steel plants and cement production facilities are included in the pilot scope and will receive emission quotas for 2025 and 2026 distributed by the government. Relevant facilities and enterprises must formulate and implement emission reduction strategies in accordance with regulations to meet the emissions allowed by the quotas. The EU has become Vietnam's largest steel export destination, accounting for 33.6% of Vietnam's overall steel exports.
越南
碳市場
電業
鋼鐵
水泥
排放配額
歐盟碳邊境調整機制
巴黎氣候協定
Vietnam
carbon market
electricity
steel
cement
emission quota
CBAM
Paris Climate Agreement
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波蘭克拉科夫螺絲展
義大利米蘭螺絲展
德國司徒加特螺絲展
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GOVERNMENTS/ASSOCIATIONS/FASTENER GROUPS
2024-11-06
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